Most homeowners with an insurance policy are aware that they have to meet their deductible before the insurance company will cover any damage. However, few are aware that insurance policies include a separate provision for hurricanes. What does this mean for those affected by Sandy? Read More.
Contrary to Hurricane Irene, Sandy left the Mid-Atlantic states with catastrophic damage. The areas hit the worst include New Jersey, New York & Connecticut. Initial estimates indicate that the total damages could exceed $50 billion, which would rank among the second costliest storms in U.S. history; behind Hurricane Katrina. Given the significant loss, many affected families are going to be submitting insurance claims very shortly, if they haven’t already done so. What can you do to increase the chances that your claim is paid quickly? Read More.
Hurricane Sandy was a major blow for several homeowners and businesses. The losses are unprecendented for the region and will trigger an excessive number of insurance claims. It’s important to understand the tax ramifications, if any, for receiving an insurance settlement on a claim. Read More.